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21 22 Eduardo sold 500 shares of Northcutt Corporation stock on the New York Stock Exchange. This transaction: Multiple Choice took place in the primary

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22

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Eduardo sold 500 shares of Northcutt Corporation stock on the New York Stock Exchange. This transaction: Multiple Choice took place in the primary market. occurred in a dealer market. occurred in the secondary market. involved a proxy. was a private placement. Which of the following actions would be most likely to decrease agency costs for the firm? Multiple Choice Increase employees' salaries to exceed the salaries paid by compe ors Pay all employees based on the amount of revenue generated by the firm Prohibit employees from becoming shareholders of the firm Pay bonuses to employees only if profits increase from one year to the next Reward high performing employees with shares of stock

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